Sanctioning Entities That Have Traded in Iran’s Petroleum

The Iranian regime continues to gas battle within the Middle East to fund its destabilizing actions.  Today, the United States is taking motion to stem the move of income that the regime makes use of to help terrorism overseas, in addition to to oppress its personal individuals.  The Department of State is imposing sanctions on 20 entities engaged in Iranian petroleum, petroleum merchandise, or petrochemical commerce and is figuring out 10 vessels as blocked property. 

All targets are being designated pursuant to Executive Order (E.O.) 13846, which authorizes and reimposes sure sanctions with respect to Iran.

Continued Targeting of Iran’s Shadow Fleet

The Department of State is designating 5 vessel administration firms and a petroleum wholesale firm for his or her involvement within the transport and buy of Iranian petroleum, petroleum merchandise, and petrochemical merchandise.  Iran’s oil and petrochemical exports are enabled by a community of such illicit delivery facilitators in a number of jurisdictions who, by obfuscation and deception, load and transport Iranian oil and petrochemicals on the market to consumers in third nations.  The vessels managed by these firms have moved hundreds of thousands of barrels of Iranian crude oil, petroleum merchandise, and petrochemical merchandise and play a key function within the Iranian export provide chain.  They have additionally repeatedly engaged in darkish exercise and different misleading delivery practices, endangering different vessels and commerce flows.

ETIHAD ENGINEERING AND MARINE SERVICES FZC (ETIHAD) engaged in a big transaction for the transportation of Iranian petroleum merchandise when a vessel it’s the business supervisor of, SEATURBO (IMO 9204764), loaded Iranian reformate in Iran in September 2022.  Additionally, ETIHAD can also be the business supervisor of the next seven tankers, which have collectively transported Iranian petroleum product not less than a dozen occasions since May 2023. 

• TRUGEN (IMO: 9200861) is a Comoros flagged, oil merchandise tanker
• SEABASS (IMO: 9251640) is a Comoros flagged, oil merchandise tanker
• SEAHAKER (IMO: 9255488) is a Comoros flagged, oil merchandise tanker
• ZEAL (IMO: 9486895) is a Gabon flagged, oil merchandise tanker
• MOLLY (IMO): 9531375) is a Comoros flagged, chemical/oil merchandise tanker
• SOFIA (IMO: 9531387) is a Comoros flagged, oil merchandise tanker
• COURAGE 7 (IMO: 9553957) is a Gabon flagged, asphalt/bitumen tanker

ETIHAD is being designated pursuant to part 3(a)(ii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petroleum or petroleum merchandise from Iran. 

SEATURBO, TRUGEN, SEABASS, SEAHAKER, ZEAL, MOLLY, SOFIA, and COURAGE 7 are being recognized as property through which ETIHAD has an curiosity.  

FARADANESH TECHNICAL INSPECTION SERVICES COMPANY (FIS) engaged in a big transaction for the transportation of Iranian petroleum merchandise when it acted because the cargo surveyor for the loading of Iranian reformate in Iran in September 2022, certifying that the cargo was loaded onto a tanker for export.  FIS is an Iran-based cargo inspection and surveyor firm that operates in a number of Iranian ports.  The essential commodities it inspects embody oil and oil derivatives, chemical and petrochemical merchandise, and gasoline and pure gasoline.  It has additionally offered providers to U.S.-designated Iranian vitality firms like U.S.-designated IRAN PETROCHEMICAL COMMERCIAL COMPANY.   

FIS is being designated pursuant to part 3(a)(ii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petroleum or petroleum merchandise from Iran.  

ARZO ALTEJARA FOR GOODS WHOLESALERS CO L.L.C (ARZO), an organization based mostly within the United Arab Emirates, knowingly engaged in a big transaction for the acquisition of petroleum merchandise from Iran between late April and early May 2024, when it bought roughly 10,000 metric tons of gas oil from the U.S.-designated NATIONAL IRANIAN OIL COMPANY.

ARZO is being designated pursuant to part 3(a)(ii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petroleum or petroleum merchandise from Iran. 

ENSA SHIP MANAGEMENT PRIVATE LIMITED (ENSA) has been the business supervisor of TIFANI (IMO 9273337) since December of 2024.  TIFANI has loaded Iranian petroleum two occasions throughout ENSA’s tenure because the business supervisor of TIFANI.  Both of those shipments have been loaded in ship-to-ship (STS) transfers with U.S.-designated Iranian flagged tankers within the Singapore EOPL whereas conducting darkish exercise. 

ENSA is being designated pursuant to part 3(a)(ii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petroleum or petroleum merchandise from Iran.  TIFANI is being recognized as property through which ENSA has an curiosity.

PEACE WORTH SHIPPING CO., LIMITED (PEACE WORTH) is the China-registered business supervisor of a Panama-flagged chemical/oil merchandise tanker, named TONDA SOURCE (IMO: 9127667).  During PEACE WORTH’s tenure because the business supervisor of TONDA SOURCE, the vessel loaded Iranian-origin methanol in October 2022 and discharged its cargo in China.  TONDA SOURCE has additionally carried out a number of loadings of Iranian-origin petrochemical merchandise from 2022 to 2024.  Nearly all of those loadings occurred whereas the vessel carried out darkish exercise.

PEACE WORTH is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  TONDA SOURCE is being recognized as property through which PEACE WORTH has an curiosity. 

AVANI LINES INC (AVANI) is the registered proprietor and business supervisor of a vessel that carried out not less than six voyages for the transport of Iranian-origin crude oil.  Several of those Iranian crude oil cargos have been loaded by ship-to-ship transfers with sanctioned tankers, together with National Iranian Tanker Company tankers, and all cargos have been discharged in China. 

AVANI is being designated pursuant to part 3(a)(ii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petroleum or petroleum merchandise from Iran. 

Crude oil and petroleum merchandise terminal

Today’s motion additionally consists of the designation of a fourth China-based crude oil and petroleum merchandise terminal that has a demonstrated sample of accepting Iranian crude oil and petroleum merchandise, together with from U.S. designated tankers.  This habits continues to allow Iran’s potential to fund its nuclear ambitions, help terrorist teams, and allow disruption of the move of commerce and freedom of navigation in waterways which can be essential to world prosperity and financial development.  The United States will proceed to take motion in opposition to the community of terminal operators, port brokers, shippers, and repair suppliers concerned within the transport and acquisition of Iranian crude oil and petroleum merchandise.

ZHOUSHAN JINRUN PETROLEUM TRANSFER CO., LTD. (ZHOUSHAN JINRUN) is a China-based operator of a crude oil terminal situated throughout the better Zhoushan port space, China.  On April 17, 2025, ZHOUSHAN JINRUN facilitated the port name and discharge of U.S.-designated VIOLA (IMO: 9254915), which was designated on March 20, 2025.  ZHOUSHAN JINRUN additionally facilitated the port name and discharge of the U.S.-designated tanker RANI (IMO: 9250907), and has acquired not less than six shipments of Iranian-origin crude oil.

ZHOUSHAN JINRUN is being designated pursuant to part 3(a)(ii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petroleum or petroleum merchandise from Iran.

Targeting Iran’s Petrochemical Trade

This motion additionally consists of the designation of 13 entities throughout a number of jurisdictions, which have engaged within the transshipment, sale, and buy of Iranian-origin petrochemicals.  Although much less vital in worth than Iran’s crude oil exports, Iran’s petrochemical trade and exports are a essential sector of the Iranian economic system and have grown in recent times to generate billions of {dollars} in illicit funds for Iran’s destabilizing actions.  Similar to the regime’s illicit oil exports, Iranian petrochemical merchandise are continuously transshipped by intermediaries in third nations in makes an attempt to obfuscate their origin earlier than the merchandise attain their final consumers.  Today’s motion targets these intermediaries, in addition to the consumers of Iranian petrochemical merchandise.

FIVA PLASTIK ANONIM SIRKETI (FIVA PLASTIK) is a Türkiye-based petrochemical buying and selling firm that has imported and bought Iranian-origin petrochemical merchandise valued at over USD 6.8M from a number of firms, together with shipments of Iranian-origin petrochemical merchandise from TRIOLIN TRADE FZCO, between January and September 2024.  FIVA PLASTIK has imported petrochemical merchandise manufactured from quite a few Iran-based, U.S.-designated petrochemical firms, together with JAM PETROCHEMICAL COMPANY, MARUN PETROCHEMICAL COMPANY, and SHAZAND PETROCHEMICAL COMPANY.               

FIVA PLASTIK is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

TRIOLIN TRADE FZCO is a United Arab Emirates-based firm that has exported and bought over USD 800K price of Iranian-origin petrochemical merchandise, together with polyethylene, to FIVA PLASTIK. 

TRIOLIN TRADE FZCO is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  

TANAIS WAY GENERAL TRADING L.L.C. (TANAIS TRADING) is a United Arab Emirates-based firm that has exported shipments of Iranian-origin polyethylene valued at over USD 1.7M to a number of firms, together with India-based KANCHAN POLYMERS, between February and July 2024.

TANAIS TRADING is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  

KANCHAN POLYMERS is an India-based firm that has imported and bought over USD 1.3M price of Iranian-origin petrochemical merchandise, together with polyethylene, from TANAIS TRADING. 

KANCHAN POLYMERS is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  

ALCHEMICAL SOLUTIONS PRIVATE LIMITED (ALCHEMICAL SOLUTIONS) is an India-based petrochemical buying and selling firm that has imported and bought Iranian-origin petrochemical merchandise valued at over USD 84M from a number of firms between January and December 2024. 

ALCHEMICAL SOLUTIONS is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  

ELM KIMYA ITHALAT IHRACAT SANAYI VE TICARET ANONIM SIRKETI (ELM KIMYA) is a Türkiye-based petrochemical buying and selling firm that has imported Iranian-origin petrochemical merchandise valued at over USD 3M from a number of firms, between January and September 2024.

ELM KIMYA is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  

LAVINYA PLAST KIMYEVI MADDELER VE PETROL URUNLERI NAKLIYE SANAYI IC VE DIS TICARET ANONIM SIRKETI (LAVINYA PLAST) is a Türkiye-based petrochemical buying and selling firm that has imported and bought Iranian-origin petrochemical merchandise valued at over USD 5M from a number of firms between January and August 2024, together with from PT. ORIENTAL. 

LAVINYA PLAST is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran.  

ORIENTAL COMMERCE GARDEN (PT. ORIENTAL) is an Indonesia-based firm that has exported and bought over USD 3.4M price of Iranian-origin petrochemical merchandise, together with polyethylene, to LAVINYA PLAST. 

ORIENTAL is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

RAMNIKLAL S GOSALIA AND COMPANY (RAMNIKLAL) is an India-based petrochemical firm that imported and bought Iranian-origin petrochemical merchandise valued at over USD 22M, together with methanol and toluene, from a number of firms between January 2024 and January 2025.

RAMNIKLAL is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

JUPITER DYE CHEM PRIVATE LIMITED (JUPITER DYE CHEM) is an India-based petrochemical buying and selling firm that has imported and bought Iranian-origin petrochemical merchandise, together with toluene, valued at over USD 49M from a number of firms between January 2024 and January 2025

JUPITER DYE CHEM is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

GLOBAL INDUSTRIAL CHEMICALS LIMITED (GLOBAL INDUSTRIAL) is an India-based firm that has imported and bought Iranian-origin petrochemical merchandise, together with methanol, valued at over USD 51M from a number of firms, between July 2024 and January 2025. 

GLOBAL INDUSTRIAL is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

PERSISTENT PETROCHEM PRIVATE LIMITED is an India-based firm that has imported roughly USD 14 million price of shipments containing Iranian-origin petrochemicals, comparable to methanol, from a number of firms, together with from BAB AL BARSHA, with delivery dates between October 2024 and December 2024.

PERSISTENT is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

BAB AL BARSHA TRADING L.L.C (BAB AL BARSHA) is a United Arab Emirates-based commodities buying and selling firm that has exported shipments containing Iranian-origin petrochemicals to PERSISTENT valued at roughly USD 6.4M, with delivery dates between January 2024 and February 2025.

BAB AL BARSHA is being designated pursuant to part 3(a)(iii) of E.O. 13846 for knowingly partaking in a big transaction for the acquisition, acquisition, sale, transport, or advertising of petrochemical merchandise from Iran. 

SANCTIONS IMPLICATIONS 

As a results of right now’s sanctions-related actions, and in accordance with E.O. 13846, all property and pursuits in property of the designated individuals described above which can be within the United States or in possession or management of U.S. individuals are blocked and should be reported to the Department of Treasury’s Office of Foreign Assets Control (OFAC).  Additionally, all entities and people which have possession, both instantly or not directly, 50 p.c or extra by a number of blocked individuals are additionally blocked. 

All transactions by U.S. individuals or inside (or transiting) the United States that contain any property or pursuits in property of designated or in any other case blocked individuals are prohibited except approved by a common or particular license issued by OFAC or exempt.  These prohibitions embody the making of any contribution or provision of funds, items, or providers by, to, or for the advantage of any blocked individual and the receipt of any contribution or provision of funds, items, or providers from any such individual. 

The energy and integrity of U.S. authorities sanctions derive not solely from the U.S. authorities’s potential to designate and add individuals to the Specially Designated Nationals and Blocked Persons (SDN) List, but in addition from its willingness to take away individuals from the SDN List according to the regulation.  The final aim of sanctions is to not punish, however to convey a couple of optimistic change in habits. 

Petitions for removing from the SDN List could also be despatched to: [email protected].  Petitioners may additionally confer with the Department of State’s Delisting Guidance web page.